IBA's objective is to provide quality leadership in facilitating and enabling Aboriginal and Torres Strait Islander engagement in the wider economy.
IBA is an integral partner within the Government’s Indigenous Economic Development Strategy, which seeks to close the gap between Indigenous Australians and other Australians’ standard of living.
The aim of this strategy is to increase the wellbeing of Indigenous Australians by supporting greater economic participation and self-reliance.
IBA's principal legislative basis is the Aboriginal and Torres Strait Islander (ATSI) Act 2005 under which IBA is established:
(a) to assist and enhance Aboriginal and Torres Strait Islander self-management and economic self-sufficiency; and
(b) to advance the commercial and economic interests of Aboriginal persons and Torres Strait Islanders
by accumulating and using a substantial capital asset for the benefit of the Aboriginal and Torres Strait Islander peoples.
In meeting our objectives we are guided by: